18 months afterward Gerald Cotten, founder and Chief Executive Officeholder (CEO) of QuadrigaCX, was reported to have died while doing volunteer work at an orphanage in Republic of india, and most crypto users apparently believe he's still alive.

The Canadian exchange is but one of many that are suspected of fraudulent leave scams, with publicity around the cases believed to be turning some users off of crypto.

According to an online poll conducted during a Virtual Consensus 2022 upshot ⁠— "QuadrigaCX - Yell Into the Void and Get Some Questions Answered" ⁠— 60% of viewers polled said they believed Cotten was definitely nevertheless alive, with 90% agreeing that the body reported to be the CEO's should be exhumed and autopsied.

Information technology should be noted that cocky selecting online polls are non very scientific.

QuadrigaCX users lost millions

The skepticism over Cotten'south death is mainly due to the fact it left thousands of crypto users out of pocket for almost $145 million in assets, equally Cotten was solely responsible for the exchange'due south wallets and keys, which the company said information technology has been trying to find subsequently his decease.

Ane of those hitting hard by QuadrigaCX folding was Tong Zou, an commutation user who spoke at the event regarding his feel. The software engineer lost over $400,000 — his life savings at the time — trying to use QuadrigaCX as a means to get his money back to Canada.

Scams turning users off crypto

"I'm more than bourgeois [on crypto] now than earlier," said Zou, citing how he idea QuadrigaCX, as one of the oldest exchanges at the time, would be a safe and modernistic fashion to transfer funds. The engineer was in complete atheism when the money simply didn't show up.

"Even the biggest, longest-running exchanges can still fail," Zou admitted to himself. He said the major problem with crypto was the lack of regulation leading to scams and situations like what happened at QuadrigaCX.

Lawyers for users afflicted by the exchange's bankruptcy petitioned the Royal Canadian Mounted Police (RCMP) to exhume Cotten's body and comport an autopsy in December, just take received no response notwithstanding.